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Feb 10, 2013 8:00pm EST
, we used to call -- plinted the dollar. so in a very interesting way crane knew about the u.s. economy through the dollar, through how much he printed. and crane too was silent, rarely spoke. he was the western massachusetts leader versus the boston lead ner massachusetts politics and that was coolidge's mentor. >> how much of the crash of 1929 could be blamed on coolidge? he left in march of 1929. >> so you imagen the stock market -- we look at this where i teach. the stock market was 100 for a long time. then it went up 200, very hifmente coolidge saw a lot of recessions. that doubled. that is like our 90's. then it went to 381 that would be september 1929. coolidge didn't approve of that. he had seen a lot of recessions. he knew every -- everything in him knew that was wrong. he didn't believe it was the job of the executive to intervene. it was the order of the "wall street journal." but he didn't think the president was in charge of that. the fed was also young. he looked into it. there is a record of him looking into it. charles merrill who founded merrill lynch and he went to se
Search Results 0 to 2 of about 3 (some duplicates have been removed)